As you probably know, the real estate market of Dubai is one of the most tremendous ones that hasn’t reached its peak yet. In fact, investing in real estate market of Dubai is highly popular among investors and also first-time home buyers. Here are some facts about this market that may change your mind about buying a property in Dubai.
In the past, Dubai was known as a luxurious Middle Eastern city with the most expensive properties. However, now, Dubai is highly famous as a city that offers a wide range of prices for its luxurious properties. Dubai’s real estate market also is not an exception. In other words, Dubai’s real estate has a lot to offer to investors.
Another point that you should know is that the property prices in Dubai have showed a downward trend. In other words, Dubai’s properties are much cheaper than they were several years ago. Actually, they have got more affordable. So, more people can afford buying a property in Dubai now.
Besides, in terms of off-plan properties in Dubai, it should be said that they are more affordable in comparison to other kinds of properties. To be more precise, developers suggest easy and flexible payment plans for off-plan properties. It means buyers and investors have the chance to buy apartments in Dubai with the most suitable prices.
The opportunity of long-term residency
One of the most surprising facts about buying properties in Dubai is that it can make you eligible for long-term visas. This means you have the opportunity to become a long-term resident of Dubai only by buying a property in this amazing Middle Eastern city.
But, this isn’t the whole story. The most important thing about the visa is that it is a 10-year one. In addition to this, being a long-term resident of Dubai brings you enormous benefits that are as follows:
- You will be allowed to open a bank account
- You can obtain a driver’s license
- You will be able to register a car in Dubai
As well as these, you should know the fact that the process of getting the long-term visa will only last a couple of weeks that is amazing!
Enjoy many famous hotspots and unique neighborhoods in Dubai
Dubai has the most unique neighborhoods in the world. One of these wonderfully-built neighborhoods in Dubai is Jumeirah Beach Residence that is among the most popular neighborhoods in the city. It should be said that this popularity is not unreasonable. In fact, Jumeirah Beach Residence is a dream location where you wake up to the breathtaking view of thick palm trees and the picturesque Jumeirah beach. This is what makes this location among the most unique and also desirable ones in the whole city.
As well as this, Dubai Sports City and Jumeirah Village Circle are among the most ideal neighborhoods in Dubai. This is because Dubai Sports City and JVC are incredible places were residents find themselves surrounded by numerous facilities. In other words, every amenity is accessible in these great localities. These facilities range from shopping complexes to educational institutes.
Dubai Design District is an aesthetically pleasing neighborhood in Dubai which is known for fashion, arts and all kinds of creative expression. This can be an ideal and dream location for those people who have a passion for creativity and prefer to be surrounded by creative energy.
High Rental Returns
In addition to all of Dubai’s incredible features, one point that attracts a lot of investors to this city is high rental returns. As you probably know, investing in real estate is one of the most lucrative investments in the world. If you are not willing to live in the property you buy, it would be a good idea to rent your property.
This investment is lucrative due to the fact that not only you own a property, but also you have the chance to earn income from rent. However, the most important point is that Dubai offers rental returns that are much higher than other main cities in the world.
According to above, if you are looking for the best place to invest in real estate, it MUST be Dubai. Also, you should know that NOW is the best time to make a move and enjoy the extraordinary benefits of investing and living in Dubai. However, these aren’t the only benefits that Dubai offers to the residents and investors.